Record Details

OIL PRICES AND STOCK PRICES: AN ASYMMETRIC PANEL CAUSALITY APPROACH

Journal of Applied Research in Finance and Economics

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Field Value
 
Title OIL PRICES AND STOCK PRICES: AN ASYMMETRIC PANEL CAUSALITY APPROACH
 
Creator Yılancı, Veli
Aydın, Mücahit
 
Description This study examines the causality between oil prices and stock prices in the Gulf Cooperation Council countries over the period January 2005 to December 2015 by using panel causality tests. The results of panel causality test of Konya (2006) shows that there exists unidirectional causality from stock prices to the oil prices only in Bahrain. However, the asymmetric panel causality test which introduced in this study to reveal the hidden causality between variables shows the inadequacy of panel causality test in the case of asymmetric causality and reveals more causality relationships between the variables.
 
Publisher Journal of Applied Research in Finance and Economics
 
Date 2017-01-31
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.jarfe.org/index.php/jarfe/article/view/16
 
Source Journal of Applied Research in Finance and Economics; Vol 2 No 4 (2016): Issue 2-4; 9-19
2458-8083
 
Language eng
 
Relation http://www.jarfe.org/index.php/jarfe/article/view/16/15
 
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